X Square Capital LLC Purchases 192 Shares of XPO, Inc. (NYSE:XPO)

X Square Capital LLC boosted its holdings in shares of XPO, Inc. (NYSE:XPO) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,545 shares of the transportation company’s stock after purchasing an additional 192 shares during the period. XPO comprises approximately 1.2% of X Square Capital LLC’s investment portfolio, making the stock its 25th biggest position. X Square Capital LLC’s holdings in XPO were worth $2,957,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of XPO. D1 Capital Partners L.P. lifted its position in shares of XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after buying an additional 2,153,042 shares during the last quarter. Norges Bank bought a new position in shares of XPO in the fourth quarter worth about $188,808,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of XPO during the 4th quarter valued at approximately $163,938,000. Life Planning Partners Inc increased its position in XPO by 12,923.2% during the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after purchasing an additional 830,963 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in XPO in the 4th quarter valued at approximately $91,158,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on XPO. UBS Group lifted their price target on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Raymond James reduced their target price on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Truist Financial assumed coverage on shares of XPO in a research note on Thursday, March 13th. They set a “buy” rating and a $130.00 price target for the company. Barclays reduced their price objective on shares of XPO from $165.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. lifted their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $156.37.

XPO Price Performance

XPO stock opened at $112.82 on Friday. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00. The stock has a market capitalization of $13.23 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company’s 50-day moving average is $126.59 and its 200-day moving average is $129.53. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Equities research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its board has authorized a share buyback plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other XPO news, COO David J. Bates purchased 1,880 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.